Ganfeng Lithium Group Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	10,548	8,422	5,944	9,484	9,914	6,332
Short-Term Investments	-	782.55	505.47	319.76	484.83	950
Trading Asset Securities	306.76	140.31	15.49	62.98	215.99	281.36
Cash & Short-Term Investments	10,854	9,345	6,465	9,867	10,615	7,564
Cash Growth	53.80%	44.54%	-34.48%	-7.05%	40.34%	85.96%
Accounts Receivable	9,824	8,822	4,827	6,714	9,903	3,322
Other Receivables	829.36	1,402	235	63.91	316.43	85.46
Receivables	10,653	10,224	5,062	6,778	10,220	3,407
Inventory	14,534	13,002	8,613	8,264	10,111	3,283
Other Current Assets	4,602	2,588	1,862	3,276	1,020	372.43
Total Current Assets	40,643	35,158	22,003	28,184	31,966	14,627
Property, Plant & Equipment	37,205	36,907	35,947	23,727	14,448	8,862
Long-Term Investments	16,291	15,878	17,500	19,313	15,980	7,751
Goodwill	182.01	182.01	182.01	17.62	17.62	17.62
Other Intangible Assets	20,547	20,767	21,539	17,957	14,300	5,090
Long-Term Deferred Tax Assets	991.33	1,155	1,163	820.51	653.24	698.47
Long-Term Deferred Charges	455.4	449.33	462.45	110.38	89.54	94.69
Other Long-Term Assets	2,560	655.16	563.35	466.31	1,195	1,629
Total Assets	118,874	113,258	100,832	91,698	79,160	39,057
Accounts Payable	17,068	16,134	12,197	8,932	9,988	2,531
Accrued Expenses	305.3	1,061	617.37	616.01	1,531	540.92
Short-Term Debt	9,892	10,400	9,818	6,529	2,109	1,970
Current Portion of Long-Term Debt	6,282	7,234	6,924	3,058	1,504	740.58
Current Portion of Leases	-	25.8	34.39	17.73	17.9	11.18
Current Income Taxes Payable	774.32	217.85	138.02	448.97	2,563	896.84
Current Unearned Revenue	1,944	1,850	174.29	282.31	492.65	150.5
Other Current Liabilities	3,226	1,352	1,766	386.96	449.95	1,368
Total Current Liabilities	39,491	38,274	31,670	20,271	18,655	8,209
Long-Term Debt	22,936	20,288	18,944	17,940	11,059	4,478
Long-Term Leases	42.79	46.22	66.11	12.56	26.2	19.89
Long-Term Unearned Revenue	857.54	835.05	700.27	534.07	275.21	93.74
Long-Term Deferred Tax Liabilities	830.14	895.48	1,243	482.88	133.78	42.35
Other Long-Term Liabilities	1,530	1,082	620.93	141.35	144.6	47.23
Total Liabilities	65,687	61,421	53,244	39,382	30,294	12,890
Common Stock	2,097	2,097	2,017	2,017	2,017	1,437
Additional Paid-In Capital	-	12,731	9,432	12,131	12,382	11,954
Retained Earnings	31,469	29,632	28,321	32,004	29,074	9,003
Treasury Stock	-443.99	-443.99	-560.84	-350.14	-133.15	-
Comprehensive Income & Other	13,337	1,130	2,574	1,232	702.55	-501.09
Total Common Equity	46,459	45,145	41,782	47,034	44,043	21,894
Minority Interest	6,728	6,692	5,806	5,282	4,823	4,273
Shareholders' Equity	53,186	51,838	47,588	52,316	48,866	26,167
Total Liabilities & Equity	118,874	113,258	100,832	91,698	79,160	39,057
Total Debt	39,152	37,994	35,787	27,557	14,716	7,219
Net Cash (Debt)	-28,298	-28,649	-29,322	-17,690	-4,101	344.57
Net Cash Per Share	-13.67	-14.03	-14.56	-8.80	-2.03	0.18
Filing Date Shares Outstanding	2,088	408.9	2,051	2,010	2,015	2,012
Total Common Shares Outstanding	2,088	408.9	2,051	2,010	2,015	2,012
Working Capital	1,152	-3,115	-9,667	7,913	13,311	6,418
Book Value Per Share	22.25	110.41	20.37	23.41	21.86	10.88
Tangible Book Value	25,730	24,196	20,061	29,060	29,726	16,786
Tangible Book Value Per Share	12.32	59.17	9.78	14.46	14.75	8.34
Buildings	-	13,655	10,404	7,993	1,279	912.39
Machinery	-	12,722	9,453	6,694	5,166	3,321
Construction In Progress	-	15,492	19,352	11,298	9,548	5,795

Source: S&P Global Market Intelligence. Standard template. Financial Sources.